Insider Selling: UGI (NYSE:UGI) CAO Sells $488,818.80 in Stock

UGI Corporation (NYSE:UGI) CAO Jean Felix Tematio sold 12,840 shares of UGI stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $38.07, for a total value of $488,818.80. Following the completion of the sale, the chief accounting officer directly owned 6,952 shares in the company, valued at approximately $264,662.64. This represents a 64.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

UGI Trading Up 1.3%

NYSE:UGI opened at $38.78 on Monday. The company has a market cap of $8.32 billion, a P/E ratio of 14.31 and a beta of 1.08. UGI Corporation has a twelve month low of $29.03 and a twelve month high of $41.34. The business has a 50 day moving average price of $38.21 and a two-hundred day moving average price of $35.83. The company has a quick ratio of 0.64, a current ratio of 0.78 and a debt-to-equity ratio of 1.19.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, February 4th. The utilities provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.24). The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.49 billion. UGI had a return on equity of 14.46% and a net margin of 8.17%.The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.37 EPS. As a group, analysts expect that UGI Corporation will post 3.02 EPS for the current fiscal year.

UGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be given a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.9%. UGI’s payout ratio is currently 55.35%.

Institutional Investors Weigh In On UGI

Several institutional investors and hedge funds have recently bought and sold shares of UGI. Princeton Global Asset Management LLC acquired a new stake in shares of UGI during the 3rd quarter worth approximately $33,000. Bare Financial Services Inc raised its position in shares of UGI by 103.8% during the third quarter. Bare Financial Services Inc now owns 1,345 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 685 shares during the last quarter. Torren Management LLC bought a new stake in shares of UGI in the 4th quarter valued at $65,000. Colonial Trust Co SC acquired a new position in UGI in the fourth quarter valued at $75,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in UGI during the 2nd quarter worth about $86,000. Institutional investors own 82.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group reaffirmed an “outperform” rating on shares of UGI in a research report on Monday, December 15th. Mizuho increased their price target on shares of UGI from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Monday, December 15th. Weiss Ratings upgraded shares of UGI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $45.00 target price on shares of UGI in a report on Wednesday, November 19th. Finally, Wall Street Zen downgraded shares of UGI from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.50.

UGI Company Profile

UGI Corporation (NYSE: UGI) is a publicly traded energy distribution company headquartered in King of Prussia, Pennsylvania. Founded in 1882 as the United Gas Improvement Company, UGI has grown into a diversified provider of energy products and services. The company’s operations are organized into three primary segments—AmeriGas Propane, UGI Utilities and UGI International—each focused on the delivery of propane, natural gas and related services to residential, commercial and industrial customers.

AmeriGas Propane, UGI’s largest segment, is the leading retail propane distributor in the United States with a network of dealers serving customers in all 50 states.